Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 39 - Postal Service |
Chapter I - United States Postal Service |
SubChapter J - Postal Service Debt Obligations; Disbursement Postal Money Orders |
Part 761 - Book-Entry Procedures |
§ 761.7 - Registered bonds and notes.
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§ 761.7 Registered bonds and notes.
No formal assignment shall be required for the conversion to book-entry Postal Service securities of registered Postal Service securities held by a Reserve Bank (in either its individual capacity or as fiscal agent of the United States) on the effective date of this part for any purpose specified in § 761.3(a). Registered Postal Service securities deposited thereafter with a Reserve Bank for any purpose specified in § 761.3 shall be assigned for conversion to book-entry Postal Service securities. The assignment, which shall be executed in accordance with the provisions of part 760 of this subchapter and subpart F of 31 CFR part 306, so far as applicable, shall be to “Federal Reserve Bank of ______ - - - - - - as fiscal agent of the United States acting on behalf of the Postal Service for conversion to book-entry Postal Service securities.”